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Jan 23, 2013
01/13
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also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do. >> this bill simply says, "congress, do your job." when i grew up in wisconsin, if you had a job and you did the work, then you got paid. if you didn't do the work, you didn't get paid. it's that simple. >> house democrats called the pay ploy a gimmick and said a 90 day reprieve from default simply moves the crisis back. >> for the last two years, we've heard from our republican colleagues economic uncertainty is bad for the economy. guess what? it is. and yet that's exactly what you are doing. another big dose of economic uncertainty. >> reporter: republicans shifted gears on the debt ceiling
also powering the rally, news that washington lawmakers passed a short term debt ceiling deal. the u.s. house of representatives gave the okay to a republican plan to suspend the debt limit until may 19. democrats in the senate now say they'll pass it too. darren gersh reports. >> reporter: the debt ceiling suspension came with a couple strings attached. if senate democrats don't pass a budget-- something they haven't done for four years-- members of congress won't get paid until they do....
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Jan 23, 2013
01/13
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FBC
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the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of this command of one to you what you have to say. apparently the senate will okay this idea that it won't get paid if they don't create a budget. that's not really true. they will get paid, but the money will go into an account somewhere and be held for a while. they eventually will be paid. the end of the day and don't really see any bodies and getting smacked. >> well, the money will be held until the very end of 2014, the end of this congress. another thing people wanted paychecks held for 20 months. at think this is the only thing that got their attention. to
the house would like to not raise the debt ceiling at all. as they're preference, at least the majority of them. but they can't do that because they can't get the spending cuts to offset anything. what they're doing is trying to buy some time. the middle ground between doing nothing and surrender entirely. gerri: the middle ground. >> between surrender in doing nothing in all. on satisfying, but irresponsible piece of action. gerri: okay. well, what do you say? the interesting part of...
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Jan 23, 2013
01/13
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as the debt ceiling vote, which got trumped today. leon panetta saying women will be on the front lines. big news day. that is it for panel. stay tuned for a little case of deja vu. excuse me, sir i'm ga have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little too good to be true sir. i'll believe that when pigs fly. ok, did she seriously just say that? geico. just click away with our free mobile app. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur stay top of mind with customers? from deals that bring them in with an offer... to social media promotions that turn fans
as the debt ceiling vote, which got trumped today. leon panetta saying women will be on the front lines. big news day. that is it for panel. stay tuned for a little case of deja vu. excuse me, sir i'm ga have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid my bill. did you really? from the plane? yeah, i can manage my policy, get roadside assistance, pretty much access geico 24/7. sounds a little...
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Jan 23, 2013
01/13
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they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is it the kind of fight the republicans want to have to redefine themselveses? >> i think they do. gwen, i think you have to know when to hold them and know when to fold them. yes, the republicans folded on this wise wisely. finally, i think they got some smart on this. you have to pick your fights. they need a breather now. they've been on the defense for a year on tax cuts for millionaires, on toughness, shutting down the government, they're not going to compromise. they need to recalbright here, a reset button needs to be pushed and it seems like in every aspect of government.
they find themselves on the defensive when it comes to the debt ceiling issue. remember how they vowed they would only raise the debt ceiling by a dollar for every dollar cut in spending. now they said never mind. we'll push that down the road. the big fight will be on the sweeping spending cuts that go into effect march 1 and on the government funding that runs out on march 27. march is going to be the month to watch, and it's a month that could end in a government shutdown. >> ifill: is...
WHUT (Howard University Television)
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Jan 23, 2013
01/13
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WHUT
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president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion. dozens of opponents rallied outside the supreme court's ahead of what they say will be a larger march near capitol hill on friday. meanwhile in jackson, mississippi, abortion rights advocates held a demonstration outside of the state's lone abortion clinic which has faced repeated threats of closure. a new poll coinciding with the fourth anniversary shows national support for abortion rights is at an all-time high. a record 70% of americans oppose overturning roe v wade, and for the first time on record, a majority now believes abortion should be legal in all or most cases. two people are in custody
president obama has tacitly endorsed a house republican plan to lift the debt ceiling for the next four months. the measure would lift enforcement of the government's $16.40 trillion borrowing limit until may 18. in a statement, the white house said it would not oppose the temporary move. a house vote is expected today. protests on both sides of the reproductive rights debate were held on tuesday to mark the 40th anniversary of roe v wade, the supreme court decision that legalized abortion....
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Jan 23, 2013
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debt ceiling, the house effectively kicked the can down the road until may. lawmakers voted to let the treasury department keep borrowing money so the u.s. can pay its bills until then. the bill also withholds lawmakers' pay until may if they don't start a budget. most called that a stunt and voted no. >>> and u.s. cargo jets have flown at least five missions in mali this week. a spokesman tells cnn that the c-17 cargo jets have flown in both french troops and tons of supplies for the fight against islamic insurgents. the u.n. is warning the violence could soon displace up to 700,000 people in mali. >>> bill clinton is heading back out on the campaign trail. cnn has confirmed that the former president will headline a march fund-raiser for arkansas senator mark pryor, who's up for re-election next year. clinton, of course, is an arkansas native, who served 12 years as the governor of that state. >>> and finally, a rough day for serena williams at the australian open. the 15-time grand slam winner broke, wow, you see it there, broke a racket in disgust after bl
debt ceiling, the house effectively kicked the can down the road until may. lawmakers voted to let the treasury department keep borrowing money so the u.s. can pay its bills until then. the bill also withholds lawmakers' pay until may if they don't start a budget. most called that a stunt and voted no. >>> and u.s. cargo jets have flown at least five missions in mali this week. a spokesman tells cnn that the c-17 cargo jets have flown in both french troops and tons of supplies for the...
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Jan 23, 2013
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we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in the 1990s. that didn't didn't work too well. they're focusing on what is called the sequester, which are across the board spending reductions. that's where i think they will make their stand. we'll have a good robust debate about the level of spending we'll have in this country. the cuts in the sequester are too much for the pentagon for republicans to like. that will be focus rather than having republicans blamed for defaulting on the debt or shutting down the government. that was a shrewd move on their part. melissa: everybody talks about we need to get entitlement spending uncontrol.
we said we will raise the debt ceiling for a couple months and, you know, there you go. we haven't gotten any of the real work done? >> it was a short-term punt but i think it was pretty shrewd move by the republicans because you can't default on our debt. if interest rates went up even slightly the amount of interest we would have to pay on our $16 trillion debt would be enormous. you can't do that. it would be shooting ourself in the foot. they tried closing down the government back in...
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Jan 23, 2013
01/13
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house republicans pushed through a bill to extend the debt ceiling and tying congressional pay to passage of the budget. senate majority leader says he is okay with it. outgoing defense secretary leon panetta is changing policy to allow women to serve in front line combat positio positions. we'll get a live update for the pentagon. your tax dollars are sending f-16 planes to egypt despite anti-semattic comments made by egypt's new leader. busy day on "special report" at 6:00 eastern but now back to "the five." ♪ ♪ >> bob: you were saying? >> dana: so, greg, almost just caused a problem on the show. >> greg: no, i didn't. >> dana: yes, you did. wow! he doesn't know the words to that song and he was making them up. there is a certain word that rhymes with "truck" he was going to sing. i was supposed to talk about facebook and social media how it can be a blessing and a curse. we talk about this the other day. so, remember back in high school, if you found out that your friend invited another friend go to an event but you didn't necessarily know about it right away. it wasn't rubbed in y
house republicans pushed through a bill to extend the debt ceiling and tying congressional pay to passage of the budget. senate majority leader says he is okay with it. outgoing defense secretary leon panetta is changing policy to allow women to serve in front line combat positio positions. we'll get a live update for the pentagon. your tax dollars are sending f-16 planes to egypt despite anti-semattic comments made by egypt's new leader. busy day on "special report" at 6:00 eastern...
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Jan 23, 2013
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there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big victory in a row coming after the new year's eve agreement that ended bush tax breaks for the wealthiest 2% of americans. gambling was the fault was never a sound plan. substantively we all know, markets now, this is though, americans know as playing with fire. politically it was a loser as well. americans had a bad taste in the mouth that could join christ in 2011. poll showed that the republicans back then it would have the him even more so. in recent weeks many conservative opinion makers have been warning republicans this is a losing fight. even senat
there's a huge de-escalation on the debt ceiling issue. hence the president's second major win in a month and shows republicans are in full on retreat on fiscal policy. president obama has consistently said his refused to negotiate. his strategy is indicated republicans are backed up their threats to take the nation into default. the president spared on republicans. they blinked because they realized they didn't have the leverage they thought they would. this is the president's second big...
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Jan 23, 2013
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you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to save lives and called on house republicans to re-authorize it immediately. the bill was up for consideration last year but blocked in the house by republican leadership. this is half an hour. >> good afternoon, everyone. this is a very special occasion for us to come together around a piece of legislation that strikes to the heart of our families and our country. i'm pleased to be here with democratic whip steny hire, ranking member conyers of the judiciary committee. congresswoman gwen moore, the author of the violence against women act and louise slaughter. congresswoman slaughter was one of
you have said you are going to focus on the debt ceiling, the debt limit and the c.r. do you intend to bring up any of those recommendations? >> i expect our committees will hold hearings and make decisions after they have had their hearings. thank you all. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> nancy pelosi held a briefing on the effectiveness of the violence against women act. she believes it helps to...
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Jan 23, 2013
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debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all that tends to be good for assets like stocks? >> very stimulative. europe will have to start printing money as well to deal with their issues so you don't want to fight that liquidity. >> earnings don't matter then? >> earnings do matter. i think probably revenue will matter a lot more than earnings by the end of 2013. earnings matter and fundamentals matter but the backdrop is we know what we think may not be relevant or what bernanke thinks is relative, he'll keep this a liquid environment for the foreseeable future. >> jim bianco, earnings matter. steve's liked to the earnings so far
debt ceiling, supposed to hit that. now it will be steve 19. there's no austerity. >> what michael is saying in a very long-winded way is don't fight the fed. not fighting the fed. the fed, europe, japan's now with b to go hog wild. >> sure, sure. >> the whole world is printing new money. >> abe, the new prime minister of japan, japan is at least discussing a new quantitative easing scheme for them. they are going to be printing a lot of yen. >> the point is all...
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Jan 23, 2013
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this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the senate will pass it. >> i thank speaker boehner for his leadership in diffusing a fight over the debt ceiling debate. >> now the white house says the president will not stand in the way of this bill becoming law but they are seeking a longer term debt ceiling solution as are democrats and republicans. the problem is, how are you going to do it? republicans say they will come out with a budget that makes sure the balanced budget occurs in the u.s. by the next 10 years, but they say they don't have to raise taxes to do it. democrats are still
this suspends the debt ceiling until may 18th. on may 19th the government increases the debt ceiling by the amount of the debt we have accrued and. pay is suspended for lawmakers in the house if they don't pass the budget or in the senate if they don't have a budget passed by april 15th. that money goes into escrow account and won't get paid until the end of the 113th congress which comes to conclusion at end of the 2014. bill goes to the senate where senate majority leader harry reid says the...
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Jan 23, 2013
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they have at least postponed that for four months, giving the president the debt ceiling increase that he wanted till may. the house passed the measure by 285-144 vote and it's a bipartisan showing on an initiative brought fourth by the republicans to control that chamber, days after president obama gave an inaugural speech at that seemed to carry some pointed attacks directored at the republican party. here are excerpts of that. >> we reject the belief that america must choose between caring for the generation that built this country and investing in the generation that will build its future. we do not believe that in this country freedom is reserved for the lucky. or happiness for the few. the commitments we made to each other, through medicare, medicaid and social security. these things do not sap our initiative. they strengthen us. [applaus [applause]. they do not make us a nation of takers, they free us to take the risks that make this country great. we, the people, still believe that enduring security and lasting peace do not require perpetual war. we cannot mistake absolutism fo
they have at least postponed that for four months, giving the president the debt ceiling increase that he wanted till may. the house passed the measure by 285-144 vote and it's a bipartisan showing on an initiative brought fourth by the republicans to control that chamber, days after president obama gave an inaugural speech at that seemed to carry some pointed attacks directored at the republican party. here are excerpts of that. >> we reject the belief that america must choose between...
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Jan 23, 2013
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others mistake suspend the debt ceiling increase. just as it would be to raise the debt ceiling without any meaningful cuts, just as senator phil graham got back in 1985 i believe it was, with graham-rudman -- graham rudman and so many of the debt increases that accompanied that was part of the deal with restrictions on spending. there are so many things going on in the world today that are just staggering. we know we have secretary of state, hillary clinton, testifying today. one report here today says that secretary clinton quickly interrupted one senator that contradict him and stress that she did not see request for additional security to protect the benghazi mission. extremely unfortunate. that people in our state department committed to helping to this country would make cries for help over a period of months, over a period of years, even going back to when ambassador rice was with the state department, and people were killed an american embassy request had been made for extra security that went unheeded. here it came again and
others mistake suspend the debt ceiling increase. just as it would be to raise the debt ceiling without any meaningful cuts, just as senator phil graham got back in 1985 i believe it was, with graham-rudman -- graham rudman and so many of the debt increases that accompanied that was part of the deal with restrictions on spending. there are so many things going on in the world today that are just staggering. we know we have secretary of state, hillary clinton, testifying today. one report here...
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Jan 23, 2013
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what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both houses, each house would have to pass a budget or members of congress won't be paid. their pay will be put in an escrow account are they won't be paid. that's a little bit. schtick they're trying to use. this takes away the threat of a big default. >> house republicans have it seems backed off their demand that any increase in the debt ceiling be matched by spending cuts. is this seen as a political retreat or are they hoping to gain something in return? >> reporter: well, both sides are kind of gloating here and claiming victory. we had a press conference from
what this bill does is it suspects the debt ceiling until may. that means treasury can borrow without limit to pay for america's obligations. this is something that gives congress breathing room to deal with some of their other big fiscal challenges that we all know about. it lifts this immediate threat of a default, which is so dangerous not just for the american economy but for the world markets. it does so with a requirement, a price requiring the senate to pass a budget. actually, both...
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Jan 23, 2013
01/13
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rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and sequesters. jake sherman writes, in roughly 48 hours, the republicans went from defense to offense and retreated to the debt ceiling must be matched by spending cuts. it was the swiftest and most drastic position switch in boehner's speakership. it was not lost on kevin mccarthy who said, "what they'll say after that vote, this is the day of the comeback." maybe if comeback also conotes fractious and uncertain strategy. with no democratic support, the way could go the way of boehner's plan b if just seven republicans break rank. and they still have to contend wit
rather than raise the debt ceiling, the bill temporarily suspends it. meaning a vote will be held at some future point to determine whether to pay off the debt retroactively. secondly, this is a larger scheme to move the battle over the deficit and spending to a place where the republicans feel they have more leverage. the gop hashed plans for a republican revolution. politico report s speaker john boehner, using paul ryan as his salesman, urged his members to make their stand on the budget and...
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while it appears we may be avoiding some of this, immediate consequences of the so-called debt ceiling debate, which i'm glad to see -- as we make some of the challenging choice, and i again want to compliment my friend, the senator from illinois, who has been as stalwart as anyone in this chamber stepping up and speaking truth about some of the choices and challenges we have to make, we are going to have to proceed at a level of spending that is less than what we've had in the past. but as we think about cutting back budgets, i think it is important to remember that behind many of these budgets, there are not just numbers, but there are incredible professionals who give their life's service to making a stronger, stronger nation. so with this tribute to jean and sandy, i commend these two great federal employees. i will, again, be down on a regular basis to celebrate federal employees throughout this congress, because too often many disparaged government in today's day and life sometimes disparage government service. but for jean vertifay, we might not have as safe a nation as we do to
while it appears we may be avoiding some of this, immediate consequences of the so-called debt ceiling debate, which i'm glad to see -- as we make some of the challenging choice, and i again want to compliment my friend, the senator from illinois, who has been as stalwart as anyone in this chamber stepping up and speaking truth about some of the choices and challenges we have to make, we are going to have to proceed at a level of spending that is less than what we've had in the past. but as we...
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Jan 23, 2013
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this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term debt ceiling increase. they want to see some longer-term. they have not given it exactly a seal of approval. it seems they both parties could get behind this proposal. the first step through the u.s. house. back to you. dagen: thank you for that. let's bring in our laffer, former economic adviser to president ronald reagan. politicians will never get anything serious done. >> you are probably right. they probably will not get a lot done in the long run. the debt ceiling is one tool to get a little from the democrats and bring some spending down. th
this bill would extend the debt ceiling until may 19. it requires the house and senate to pass a budget. if they pass a budget resolution, they do not get their pay with help. they are not paid until the end of this congress. republicans say they feel hopeful and optimistic that this thing will pass. a number of republicans are saying that it will pass. we will be watching that today. as for the u.s. senate and white house, they have not ruled out this proposal. they are fine with a short term...
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Jan 23, 2013
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house republicans could soon pass a bill that extends america's debt ceiling but it has a big catch. what it is and why it could take a bite out of lawmakers' wallets. golf star phil michelson says higher taxes might force him to move out of the golden state. where he could land and why he's hardly alone. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. your doctor will say get smart about your weight. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. to volunteer to help those in need. when a twinge of back pain surprises him. morning starts in high spirits, but there's a growing pain in his lower back. as lin grow longer, his pain continues to linger. but after a long day of helping others, he
house republicans could soon pass a bill that extends america's debt ceiling but it has a big catch. what it is and why it could take a bite out of lawmakers' wallets. golf star phil michelson says higher taxes might force him to move out of the golden state. where he could land and why he's hardly alone. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene...
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Jan 23, 2013
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the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this nation. growth, the constitution, that's what we should be talking about, making america better. i yield back the balance of my time. the speaker pro tempore: the gentlelady's time has expired. the gentleman from texas is recognized. mr. sessions: thank you very much, mr. speaker. the gentlewoman from texas, houston, texas, is absolutely correct. we do need long-term growth of our economy. we need jobs. we need job creation. we need to be able to reduce the debt of this country. the president is well aware, we're well aware here in cong
the debt ceiling is paying the debt. i am troubled, i am troubled by the fact that we would use this tactic. i want bipartisanship. in fact, someone who raises issues about the vulnerable, like myself, have worked with my republican friends. i look forward to doing it. i am an american. i believe in the constitution, but you do not raise the debt ceiling in increments. the administration says we won't stop it but we want a long-term increase so we can begin to discuss the building of this...
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Jan 23, 2013
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it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your job, you shouldn't get paid. that's the basis for no budget, no pay. >> reporter: the bill they will be voting on today calls for a temporary suspension of the debt ceiling until mid-may, but it requires the house and senate to craft budgets by april while members' salaries will be held in escrow. paul ryan explains the strategy. >> in the house, democrats and republicans have been leading by offering budgets and offering alternatives. the senate hasn't even done that. all we're saying is let's get the senate in here to do that to see how we're going to figure out the problem no
it could be a key to the house vote today on the debt ceiling battle. nancy cortes is on capitol hill. good morning. >> reporter: good morning. that vote is set to take place in the next couple hours. this is the week we thought the big fight over raising the debt ceiling was going to get under way. that's something senate democrats haven't managed to do since 2009. no budget, no pay. that is the message from the house republican leader. >> americans believe if you don't do your...
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. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's vote is a tactical shift in the gop playbook, putting on hold their demand for a debt ceiling increase only with spending cuts attached. >> it's a concession by republicans that they were not going to be able to win a spending cut fight using the debt ceiling vote. >> reporter: the clock is ticking. the country will max out its credit card at $16.4 trillion in several weeks, risking possible default on the nation's debt unless congress okay's more borrowing. the house is considering a short-term fix. lift the debt ceiling for a few months to take the pressure off, but require both hou
. >>> the house voted to delay a debate over the debt ceiling. chief capitol hill correspondent kelly o'donnell has more. good morning. >> reporter: good morning, natalie. this is to avoid those showdowns we've seen the past two years. it would give the government more time to borrow. while democrats would like a longer term solution, the white house says it would go along. >> most americans believe you don't do your job, you shouldn't get paid. >> reporter: today's...
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tulsa and gears up to vote on a temporary debt ceiling height. bad for the economy and jobs. >> i take it is a loser, again this is my opinion. republicans are trying to do cut stores medicare and these are automatic cuts that will happen. they do not want to look like they're trying to stop the economy from functioning. that one-stop social security. they're trying to refocus. >> what i love about this bill is that they're putting a provision in it that if they do not pass and then they will not get paid. >> they have not passed a bill of four years. we often make but as every year and they cannot begin a federal budget done. obama stated that he will get this done. maybe if they do not get paid that will get it done. >> wenner for to that would be the toyota prius hybrid it was the top-selling car in california. toyota is doing very well. toyotas and hondas seem to be the type of car that californians by. uy. the trades big three are hurting. they're not on the list. california tends to be a trend setter. they have more profits. and the reports
tulsa and gears up to vote on a temporary debt ceiling height. bad for the economy and jobs. >> i take it is a loser, again this is my opinion. republicans are trying to do cut stores medicare and these are automatic cuts that will happen. they do not want to look like they're trying to stop the economy from functioning. that one-stop social security. they're trying to refocus. >> what i love about this bill is that they're putting a provision in it that if they do not pass and then...
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ceiling. the silicon valley index looks higher. how do beer flavored crackers sound? those are the hottest food friends in 2013 on display at the winter fancy food show at mascone center including peanut brighter spiced with chili and oil and cherry pits were other offerings. >> broccoli tree? >> my kids have cinnamon steak. >> thank you very much, jane king. >> interesting combinations for food. >> what is on the menu weather-wise? >> on the menu? not so spicy, with the southeast waiting for the sun to rise. here is the cloud cover, and you can see we have haze out there and pollution is possible, this is "spare the air" day and we have more moisture near so temperatures are in the 40's and 50's. live doppler 7 hd still showing our best radar run out over the ocean and light radar run so the possibility of sprinkles in the north bay but we have not seen anything on twitter or the national weather service so we assume it is a scattered sprinkle or two so we will wait for mid-morning for more r
ceiling. the silicon valley index looks higher. how do beer flavored crackers sound? those are the hottest food friends in 2013 on display at the winter fancy food show at mascone center including peanut brighter spiced with chili and oil and cherry pits were other offerings. >> broccoli tree? >> my kids have cinnamon steak. >> thank you very much, jane king. >> interesting combinations for food. >> what is on the menu weather-wise? >> on the menu? not so...
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we do get the debt ceiling as a pullback, our fund will do well. in that growth market, we'll tend to lag performance. we'll still participate, but not to the same extent. >> bob, thanks for joining us. >> thanks, david. >>> when we come back, looking to escape from the daily grind of the city. robert frank takes you to a private island 15 minutes from manhattan. it could be yours if you've got something close to $20 million. back in a couple of minutes. [ male announcer ] some day, your life will flash before your eyes. make it worth watching. introducing the 2013 lexus ls. an entirely new pursuit. >>> the financial elite are meeting at the economic forum in davos, switzerland, this week. jamie dimon sat down with our own maria bartiromo. we have more on that interview. maria? >> hi there, melissa. that inte. >> this morning i moderated a panel and it was a big debate on how the financial services sector will evolve. people like axel weber, who you will hear from later on "the closing bell." basically believes the big banks are going to have to sp
we do get the debt ceiling as a pullback, our fund will do well. in that growth market, we'll tend to lag performance. we'll still participate, but not to the same extent. >> bob, thanks for joining us. >> thanks, david. >>> when we come back, looking to escape from the daily grind of the city. robert frank takes you to a private island 15 minutes from manhattan. it could be yours if you've got something close to $20 million. back in a couple of minutes. [ male announcer ]...
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ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was interesting. i thought the same thing when they issued the spare spay day -- they issued the "spare the air" day, but the cold air could be locked in the valley and they are afraid the air will not vent if you have a fire it could create issues. no one burning wood today, mid-50's to low 60's with rain to the north, showers to the south and you can see the steady rain to the north right now and showers to our south where it will be in the low-to-upper 70's around san diego and los angeles and palm springs. >> we have word of a bart dela
ceiling. papa john is offering a free large pizza to customers who correctly call the coin toss for the game, which is the biggest sales day of the year, the chicken counsel says 1.2 billion wing portions will be eaten over the super bowl weekend. >> now 5:24 on this wednesday morning. good news as you head outside, not as chilly as it has been in the morning. >> also news, and i am just curious why we have "spare the air" and sprinkles of rain today? >> it was...
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house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook. you can also e-mail us. we're asking you this morning your advice for the second obama administration. isedobama speech rate stark choices, says the new york times. we would like to hear from you this morning, what you think republican options are and what your advice is. here's what's happening on capitol hill today. house gop poised to extend the debt limit. that's the headline in "usa today." the bill would buy time and would set the stage for a physical fight. house republicans are scheduled to vote today to extend a $16.40 trillion at the o
house will vote today on raising the debt ceiling. secretary of state hillary clinton testifies before house and senate committee today about the september terrorist attack in benghazi, libya. republicans are talking about their own priorities and reacting to president obama's inauguration speech. we're like to hear your advice for the president for his second term. here are the numbers to call. you can also find us online. share your comments over twitter or join the conversation on facebook....
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. >> the debt ceiling represents a massive fiscal heart attack. >> after the fiscal cliff... >> extreme ideological people who have never governed, and now they're congressmen. >> another crisis to come. >> enough is enough. you will not spend another dime, you will not put us in hock. >> frontline investigates the ongoing battle. >> throw the country into default... >> it is time to call their bluff. >> political armageddon. >> what's the word? madness. >> go to pbs.org/frontline foa closer look at civil cases and penalties that have come out of the crisis. >> this is totally about what went on on wall street. >> martin smith's extended interviews with ted kaufman, lanny breuer and phil angelides. more of frontline's coverage of the financial crisis, including our landmark series "money, power and wall street." connect to tfrontline community on facebook and twitter or tell us what you think at pbs.org/frontline. >> frontlinis made possible by contributions to your pbs station from viewers like you. and by the corporation for public broadcasting. major support for frontline is provided
. >> the debt ceiling represents a massive fiscal heart attack. >> after the fiscal cliff... >> extreme ideological people who have never governed, and now they're congressmen. >> another crisis to come. >> enough is enough. you will not spend another dime, you will not put us in hock. >> frontline investigates the ongoing battle. >> throw the country into default... >> it is time to call their bluff. >> political armageddon. >> what's...
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the house is expected to vote on extending the debt ceiling. there is a new plan the house will take up which would say no one in the house of congress that doesn't pass a budget should get paid after i believe may 19th or something. is that a plan that would also pass in the senate? >> it might, becky. i've got give the house credit for focusing on the real underlying cause of all this government by cliff we've been living through,s which the fact that the senate doesn't function. senator reed chooses not to do a budget resolution for three consecutive years, we did no appropriation bills, no bill to address the debt ceiling and the consequence of this is we end up at midnight on december 31st with a gun to our head trying to get something done at the last minute nobody's had a chance to look at. what the house is saying is, it's about time the senate actually did what any law requires, which is pass a budget. and begin the process of setting the parameters for how we will solve this problem and live within our means and how we will eventually
the house is expected to vote on extending the debt ceiling. there is a new plan the house will take up which would say no one in the house of congress that doesn't pass a budget should get paid after i believe may 19th or something. is that a plan that would also pass in the senate? >> it might, becky. i've got give the house credit for focusing on the real underlying cause of all this government by cliff we've been living through,s which the fact that the senate doesn't function....
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those were the cuts that we put in place in the last debt ceiling. do you know this congress is only going to be the third congress since world war ii that cut discretionary spending year over year over year, even in all those terms and newt gingrich during that, they weren't able to do it as many times as we will. we have moved discretionary spending down. we want to see tax reform to expand the economy and go further. this is a succession. that will go into effect. then you have a cr that will go at the end of the month. that is another movement and an opportunity. >> gretchen: all right. congressman kevin mccarthy, nominate you for football coach potentially with your standing ovation. thanks for your time today. >> thanks for having me. >> gretchen: one of the most insane videos you're going to see all day long. (scream) >> gretchen: plane nearly taking out that biker. you might ask yourself what is the biker doing on the tarmac? the whole thing caught on camera. luke perry is back on the rodeo. can he deliver classic lines like this? stick aroun
those were the cuts that we put in place in the last debt ceiling. do you know this congress is only going to be the third congress since world war ii that cut discretionary spending year over year over year, even in all those terms and newt gingrich during that, they weren't able to do it as many times as we will. we have moved discretionary spending down. we want to see tax reform to expand the economy and go further. this is a succession. that will go into effect. then you have a cr that...
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they have three flash points coming up, continuing resolution, sequestration, and the debt ceiling. and i think they're going to approach those in a very smart way. and i'm excited about what's ahead of us. i think reince priebus is part of the solution. i think he's done a good job. i'm going to support him, but i'm going to support him because i think he's for what's going to make our party stronger and better. and i don't want to be disrespectful, but i'm for joe biden in 2016. i know this is a no anti-joe zone, but i think from a republican standpoint, the best chance we would have against joe biden more so than hillary clinton. >> as they say, be careful what you wish for. get your act together at home ferris. >> cokie roberts, thank you so much, joe nasef, thank you as well. david ignatius, do you want to stick around? >> yeah. >>> up next, we have some of the other big headlines from the morning papers. keep it right here on "morning joe." i'm jessica simpson. and this year is all about new beginnings for me. i lost over 50 lbs on weight watchers and did not have to be perfec
they have three flash points coming up, continuing resolution, sequestration, and the debt ceiling. and i think they're going to approach those in a very smart way. and i'm excited about what's ahead of us. i think reince priebus is part of the solution. i think he's done a good job. i'm going to support him, but i'm going to support him because i think he's for what's going to make our party stronger and better. and i don't want to be disrespectful, but i'm for joe biden in 2016. i know this...
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caucus even paul ryan voted with the president on that their bluff has been called on the debt ceiling. we don't want to shut down the government. so, it looks like republicans are fighting among themselves. so this debate is already underway in the republican party. >> yeah. the. >> the president understands this. that combined with the 332 electoral votes he got, i think he is in a stronger -- i think he is in a stronger position now than he has been probably in four years. so he has less incentive now to be mr. nice than he has in quite some time. i think we are seeing that. >> right. i was going to say, i think we see that he senses that as well. >> yeah. >> he feels that he is projecting it. i don't know whether -- i forget whether you were there the day he announced his measures on gun violence for example. >> yeah. >> that was straight o here is what we are going to do. whereas before on so many issues, they might say, you and i both heard robert gibbs and jay carney say we can't push for that because congress has to do it and we don't have the votes if congress. da-da. the assa
caucus even paul ryan voted with the president on that their bluff has been called on the debt ceiling. we don't want to shut down the government. so, it looks like republicans are fighting among themselves. so this debate is already underway in the republican party. >> yeah. the. >> the president understands this. that combined with the 332 electoral votes he got, i think he is in a stronger -- i think he is in a stronger position now than he has been probably in four years. so he...
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there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president obama's inaugural address. speaking in reno, nevada, way waywayn wayne lapierre lashed out at one word from president obama. >> we cannot mistake absolutism, or treat name calling as reasoned debate. >> obama wants to turn the idea of absolutism into a dirty word, just another word for extremism. he wants you, all of you, and americans throughout all of this country, to accept the idea of principles as he sees fit. it's a way of redefining words so that commonsense is turned upside down and that nobody knows the difference. >> lapierre vowed not to give ground on gun control including efforts to
there's a new debt ceiling plan from speaker john boehner and the house republicans that could force senate democrats to finally show their hand and pass a budget. plus it's only day four of president obama's second term, but joe biden is already commenting on possibly running for the top job himself in 2016. we'll show you what he said in a minute. first the new developments in the debate over guns in america. the national rifle association last night delivered a sharp response to president...
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they said they absolutely wouldn't deal with the debt ceiling. a half measure, they will suspend it. eric cantor coming here to take part in a panel on friday afternoon about economic dynamism. i'm surprised that anybody from davos is inviting americans to talk about it. i'm not sure what he will get out of it. he will be here and hopefully we can speak to him about what's going on in the u.s. and in the world. >> the u.s. and europe leading the world, not so much. when you go to davos, they are talking about other big players. ali velshi, thanks. >>> 15 minutes after the hour. other news around the world. from the upper midwest to the mid-atlantic and new england, seeing and feeling the coldest temperatures so far this winter. feels like 7 degrees in washington, d.c. near zero in new york city. and well below zero in fargo, north dakota. this arctic blast is reportedly blamed for four deaths so far. >>> in the cold, more than 300 firefighters had to deal with 7-degree temperatures to battle a raging warehouse fire on the south side of chicago. f
they said they absolutely wouldn't deal with the debt ceiling. a half measure, they will suspend it. eric cantor coming here to take part in a panel on friday afternoon about economic dynamism. i'm surprised that anybody from davos is inviting americans to talk about it. i'm not sure what he will get out of it. he will be here and hopefully we can speak to him about what's going on in the u.s. and in the world. >> the u.s. and europe leading the world, not so much. when you go to davos,...
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today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter: paul ryan will draft the republican budget, likely with deeper cuts than the one he offered last year. that's a carrot to get conservatives to go along, some still want to see cuts first. >> i will not vote to raise the debt ceiling unless significant efforts are made to fix the underlying problem. >> reporter: senate democrats hint they will pass a budget, but not necessarily soon. >> we'll approach that when we need to. >> reporter: the white house says even though it's short-term, the president will sign it. >> the debt ceiling ought not to be a political football. >> reporter: this republican retreat with one last stand. if
today's vote would raise the debt ceiling allowing more borrowing through spring to pay america's bills, and it cuts pay for lawmakers if they can't pass a budget by tax time, april 15th. >> most americans believe you don't do your job, you shouldn't get paid. >> i'm tired of government governing by gimmicks. >> reporter: the senate has not passed a budget in almost four years. >> the last time they passed a budget, the ipad had not been introduced. >> reporter:...
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at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the treasury to pay the nation's bills through at least may 19. darren gersh, "n.b.r.," washington >> tom: the u.s. housing market had a quiet end to its best year since 2007. sales of existing homes fell unexpectedly in december by 1% down to a 4.94 million annual rate. analysts note the drop in sales is not entirely bad news because there were fewer homes on the market. inventories are at their lowest level in seven and a half years. sales were up in the northeast and western u.s. while they fell in the midwest and south. for the entire year, existing home sales saw their best year since 2007. >> tom: julia c
at home. >> if you don't raise the debt ceiling now, or if you postpone this confrontation, if you say every 60, 90, or 100 days, we're going to again have the same kind of conversation about the debt ceiling, you will continue to have this sort of spike in policy uncertainty. you will continue to undermine the private sector. you will continue to delay investment and to reduce employment relative to what it would be otherwise. >> reporter: the debt ceiling extension would allow the...
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debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent solution impact the u.s. economy. this is some of these views. >> the lack of decisions in the u.s., kicking the can down the road will be a drag. i think it will be a slower start in the united states as a result generally. >> actually very concerned because the issue is demography, medicare. it's not -- everybody focuses on the cost of running the state. about 15% to 20%. but in the short term, i think actually there will be answers. >> longer term, i think u.s. will be supported by the shale gas and the shale oil industry that is growing very fast
debt ceiling for nearly four months. that bill is expected to get almost unanimous support from the republican caucus, meaning it will pass. democrats would prefer a longer term solution. senate majority leader harry reid has expressed support for the house bill. the white house says president obama won't stand in the way of it becoming law. ross? >> yeah. >>> we've been asking as a result here in davos how well u.s. lawmakers' persistent failure to come up with a permanent...
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ceiling hostage, those are real changes from the sort of kumbahyah obama that we saw a lot of at this time early in his first term. so i think it's all good, and i think he may be emboldened. his views, he is essentially a liberal centrist. i don't think anyone can really ever doubt that. but he hasn't always stood up for it. and sometimes it seems he is so eager to find some kind of nonexistent bipartisan compromise to the party of no, that he sort of shirked from it. >> i think he has stopped -- he went -- moved from saying we can find something between us that we can agree to move together on, that was sort of what he started off saying. and now he is saying we can agree to do it my way. my way, actually, is widely agreed upon. and it is the way that we can move forward, and i think we ought to. it's a bolder stance. >> it's a bolder stance. and by the way, he won the election. >> and that's why he's free to say it. >> this doesn't stop them from calling him a socialist radical. >> oh, no, there would be no fun if they stopped that. thank you for being here tonight. frank rich, wri
ceiling hostage, those are real changes from the sort of kumbahyah obama that we saw a lot of at this time early in his first term. so i think it's all good, and i think he may be emboldened. his views, he is essentially a liberal centrist. i don't think anyone can really ever doubt that. but he hasn't always stood up for it. and sometimes it seems he is so eager to find some kind of nonexistent bipartisan compromise to the party of no, that he sort of shirked from it. >> i think he has...
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nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united states of america? >> i have no idea. but i can tell you -- >> if you don't have any, maybe it is to defeat the objectives that this president, at whatever cost some so-call leaders have said. they want to stop this president and they were unsuccessful in that measure. maybe they decided to change tactics and maybe this discussion is unnecessary and we find some other way to get a hand on the deficit. let me thank you to your contribution to this conversation as you have so many times before. i yield back my time. >> thank you, mr. johnson is
nobody put the debt ceiling or the u.s. willingness to pay its obligations on the table in the way it was placed in the summer of 2011 and the way i fear it is placed on the table again. it was a big mistake in 2011 to create this uncertainty and fear around the world and it is a big mistake to do it again today. >> what any good-thinking patriotic american want to use the debt ceiling as a vehicle to reduce spending? what would their reasoning be certainly not to embarrass the united...
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they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today with temperatures dropping in some places to minus 30 fahrenheit. wind chills made it even worse. across the region, people bundled up to face the cold, and some schools closed. frigid arctic air swept down from canada last saturday. authorities attribute at least three deaths to the weather so far. american military transport planes have joined the french effort to repel islamist rebels in mali. pentagon spokesman george little confirmed today that u.s. c-17's have flown five missions to the african nation in recent days. they ferried more than 80 fren
they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term extension of the debt ceiling. but a white house spokesman said today the president will accept a short-term bill if it reaches his desk. without an extension, the government could run out of money within a month. a deep freeze lingered in the upper midwest today...
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melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks rewards. find thousands of big deals now... at officemax. girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. lori: all right. back to business in washington now republicans hold a big vote to whether or not to extend the debt limit until may. if congress doesn't pass a budget by april 15th they no longer get paid! i have no problem with that. our panel is here with their take on
melissa: tomorrow is the big day, the house vote on extending the debt ceiling. there is a catch. that means lawmakers won't get paid unless they actually pass a budget. i love it! our panel joins us with their best strategy and the outcome for both the market and the economy. don't go anywhere. more "money" coming up. ♪ officemax can help you drive supply costs down... and down. use your maxperks card and get a 10-ream case of officemax multiuse paper for just 4.99 after maxperks...
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Jan 23, 2013
01/13
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FOXNEWSW
tv
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you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many across america. the last time this democrat-controlled senate passed a budget, the ipad wasn't even introduced yet and they've already gone through what, three different versions? so we're doing a short-term moving the debt limit past the april 15th deadline, 'cause the most responsible thing any elected official could do is do a budget. how do you plan for the future. so we move it to there and if you don't pass the budget you don't get paid and now what? before that time, those cuts that we fought for in the last debt limit. they go into effect the first of the month. >>
you have a plan to deal with the debt ceiling. i want you to explain it. i've been skeptical of it, but i'm coming around and see that they might actually be some wisdom behind it and i'm giving you credit as a strong credit of the cliff deal. explain it. >> what's going forward right now, we do not want to give any long-term new debt limit as you go forward. so what we're saying is here is the senate that has not produced a budget. you know it, sean, your listeners know it, but not many...
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Jan 23, 2013
01/13
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CNBC
tv
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they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is eerie and according to many technicians it is a crucial turning point in price targets. and you apply the ratios that i mentioned and there is always an important level for that security. based on that low the s&p was ready to roar and she gave us a price target of 1510. last time we highlighted her work she said that if the s&p could break out it would be a straight line straight shot to her 1510 target. sure enough, i went back to her for info. so what does she think about the s&p prospects right now? since it took out the key high it made on december 18th before the big end of
they aren't about the fiscal cliff or the debt ceiling or the election. it is totally working this market. so i have to go back to the mathematical well. what can i tell you, we want to know what the queen thinks it could go next. take a look at this chart. the s&p said it would. and shortly thereafter she told us that the low was likely to be pivotal, as a key part of her methodology. you heard me talk about fibonacci ratios. these numbers are 23.6%. 38.2%. 50 % and 69.1%. it is eerie and...
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Jan 23, 2013
01/13
by
WBFF
tv
eye 199
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get a patters.house republicans are expected to vote wednesday on a three--onth extension of the ebt ceiling - but with a f the stipulation the seeate passes months.the white house says itts ready to work towardd something llsting..hat wee support is aalong-term raisinn don't have any doubb or the global ecooomy about the simple proposition ttat thh united states always pays its billssllo on the president'ss radarrin the next four yeers- reform.and in the aftermath of school schooting - a push for congress to pass tiggter gun contrrl laws.in washington, i'm tory dunnan. the president may have a lot of ccnvincing to do... if he wannsshis seconn-term agenda po pass passriiht now...51-percent off peoole approvv oo the job the pressdent is doingg43 percent d. disapprrve....and president obama...has the 3rd áworstá job approval rating foo his first term......of any president aftee world war 2. the average for his first term was 49-point-1.just geeald worseand jimmy carter fared - as... ppesident obama ... begiis... his... second term..../ the... mood... of tte is... much differrnt... than it wa
get a patters.house republicans are expected to vote wednesday on a three--onth extension of the ebt ceiling - but with a f the stipulation the seeate passes months.the white house says itts ready to work towardd something llsting..hat wee support is aalong-term raisinn don't have any doubb or the global ecooomy about the simple proposition ttat thh united states always pays its billssllo on the president'ss radarrin the next four yeers- reform.and in the aftermath of school schooting - a push...
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Jan 23, 2013
01/13
by
CNNW
tv
eye 150
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the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through congress without getting a republican house. he has another problem, that's a democratic senate. 20 democrats are up for re-election in 2014. they're not as left wing as he is. they certainly didn't get elected in states as democrat and blue as obama did. so he's asking those guys to go out in front on his tax policies, his spending policies. remember, he just signed to make permanent 85% of the bush tax cuts in dollar terms, 99% of the bush tax cuts in terms of who was affected. these are tax cuts the democratic party has run against fo
the debt ceiling bustup to come. the republicans making clear they'll fight him all the way on that. i get a sense the president can be as bold and audacious as he wants in this inaugural speech yesterday but you guys aren't going to let him get away with very much. >> he has two problems. one is the republicans won the house of representatives. boehner was elected leader of the house as much as the president was elected to run the executive branch. so he can't pass something through...